Gold prices fall with the market evaluation of the expected Trump fees

Gold prices have dropped with the evaluation of traders of US President Donald Trump’s recent threats associated with customs duties, while a cloud of fading dominated the stock markets due to a collapse in the shares of global technology companies. The alloys were traded near $ 2742 a ounce, after Trump said he would impose customs duties on steel, aluminum and brass imports without giving details about the size of these fees. Investors focus on the potential effects of comprehensive fees, which, if approved, could threaten a commercial war and increase demand for safe haven assets. The dollar rose after Trump’s remarks, which limited the rise of gold, often moving in the opposite direction of the dollar. Traders also monitor the effects of Wall Street, amid increasing fear that the Chinese DipSeak’s cheap artificial intelligence model can make the rating in the sector difficult to justify it. Also read: What is the Chinese “Deepseek” and why are the giants of artificial intelligence concerned? The sale of stock losses fell 1.1% on Monday, as the well -known metal traders sold the losses in the shares, including nearly a trillion dollars removed from the value of the Nasdaq index. Gold recorded a series of records in 2024, when the profits were driven by the Federal Reserve, which became a more flexible monetary policy, increased geopolitical tensions and purchases of central banks. The precious metal could get another group of any other interest rates this year, and a possible increase in demand for safe haven, with Trump determining uncertainty in the financial markets. Immediate gold rose 0.1% to $ 2743.33 per ounce at 08:34 in Singapore, which is less than $ 50 out of the highest record. The “Bloomberg” index of the immediate dollar increased by 0.2%, which is a continuous increase for the second day, while silver and platinum decreased, while palladium increased slightly.